Monster Beverage's stock is soaring 14.73% intraday on Friday, driven by the company's first-quarter earnings report that significantly exceeded market expectations.

The energy drink maker reported Q1 results showing strong revenue and profit beats, with particular strength in international sales. Multiple analysts responded by raising their price targets on the stock, citing the "very strong" performance and robust demand in the global energy drink category.

Morgan Stanley highlighted Monster's 22% organic sales growth over the last four months and raised its price target to $100, while firms including JPMorgan, Deutsche Bank, Jefferies, and UBS also increased their targets following the earnings release.